Eduserc

Analysis

Eduserc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Eduserc reported income of $67k and spending of $79k, spending 119% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $103k to $67k (-35%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Eduserc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Armour Families Inc ($67k), Lydia8 ($67k) and The Bountiful House ($67k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $28k (35% of expenses). Other salaries and wages came to $9,767. At year end it held assets of $59k against liabilities of $64k, net assets of -$5,197. It reported 2 employees.